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your favorite is, carl. i'm not going to say anything. >> what strikes you, of all the numbers we're looking at today, what's important? >> i would say probably the claims numbers just because they're the most timely and they suggest the labor market's not great, but it's hanging in reasonably okay like 100,000ish type of jobs. but the numbers aren't great. things look very mixed, at best, and it looks like europe definitely hurt capital spending. certainly impacted aircraft. and it's impacting capital spending. so there is -- it's a very skittish, very fragile environment. >> yeah. obviously, the q2 gdp numbers are old, a little dusty here, but they do not show any acceleration which is what we're trying to find clues to in the back half of the of the year. >> i think what happened is europe had a much bigger effect on business sentiment than many people thought. it's been dampening exports and capital spending which is what the durables reflect. as we moved through the summer and stabilized on europe, normally we might get some acceleration. the problem frou is you have the fisc
to press it down, the long says it represents great value. carl, the proof is in the pudding. the stuff ain't selling. i don't care what you put on the dog food, if the dogs won't eat it, it don't matter. >> you have said that before. a number of companies going public this week truly will ring the bell. we'll talk to them after a short break. [ male announcer ] what if you had thermal night-vision goggles, like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. ♪ >>> take a look at the opening bell there on this 20th day of september. the month of september, if the dow holds these gains, will have been up for seven of the last nine years according to s&p yesterday. it used to be the september swoon, danger zone
york stock exchange. good morning. welcome to "squawk on the street." i'm carl quintanilla with melissa lee. jim cramer, david faber have the day off. david greenehouse riding shotgun with us this hour. take a look at futures. busy week of data, earnings and some fed speak shaping up here stateside. european stocks meantime retreating from some 15-month highs as the spanish bond auction environment this week ventures out to the long end of the curve. >> the markets, multiyear highs, best two weeks since june. with the fed out of the way, we turn our attention from housing data and earnings from fedex. >> at&t says preorders for the iphone have broken records. will verizon and sprint say the same? meantime, yahoo! has officially ditched the blackberry, promising iphones and samsungs to all new employees. >>> a report saying netflix is lose key content as early as this week while the stock has a dismal $50 price target. >>> and gm reportedly wants treasury to sell their stake, saying government restrictions on pay and perks hurting his ability to recruit talent. but at what price can the
of more political themes. chief political correspondent carl cameron takes a look. >> in reno addressing 4,000 member of the national guard association convention, g.o.p. presidential nominee mitt romney commemorateed the 9/11 attacks. >> with less than two months to go before election day, i would normally speak to a gathers like this about the differences between my and my opponent's plans for military and national security. there is a time and place for that. but this day is not that. >> running mate paul ryan visited with the wisconsin air national guard. >> thinking about people in lives and a day where we for [ inaudible ] the military, air force, and -- [ inaudible ] >> 2008 g.o.p. nominee and war hero john mccain urged romney to go on offense against obama for emphasizing withdrawal instead of victory in afghanistan, which mccain says emboldens extremists. >> this president's national security plan has been abysmal failure. i haven't seen a more feckless foreign policy since carter. >> romney attacked the president for weeks for refusing to halt national defense cut. >> the return
on the stump it is too little too late for the businesses and middle class families. carl cammeron is traveling with camp romney in los angeles this afternoon. carl, the governor made a pitch to latino voters out there today. how did that go? >> well, shep, california is not exactly a state that california has much hope of winning. latino vote is h.i.v.ly tilted toward president obama. mitt romney aggressively and with a fairly cordial reception to latinos today wept after president obama making the point as a candidate then senator obama made all sort of promises to make immigration reform a priority. in romney's assessment of things today before the latino audience the hispanic's chamber of commerce 33rd convention he said those are promises barack obama didn't even keep. watch. >> the president never even offered up a bill. like some issues confronting our nation, when it comes to immigration, politics have been put ahead of people for far too long. >> obama campaign responded saying president obama for the last three 1/2 years fought to get the dream act passed and republic opposition made
zone this hour. the gadget is debuting in stores today. welcome to "squawk on the street." i'm carl quintanilla, david faber, it's like new year's eve in many ways. we'll see if we go out positive. the dow continues to ride a 4 1/2 year high. have not had a decline of 1% or more in about three months. some continued news out of europe, as well, continue to read every little tea leave regarding spain and rajoy. we'll talk about that, too. >>> our road map this morning begins in hong kong, paris, now new york city where the iphone 5 goes on sales today. lines are long despite claims about apple's problem maps. >> dow is up eight friday necessary a row. will today make it nine? it's also quadruple witching day. >> earnings in line but revenue is a bit light as hardware sales tumble more than expected. can the company continue to steal shares? >> and define what is troubling other luxury retailers boosting its forecasts. comp stores are up more than 45%. we'll start with the iphone 5. apple's newest iphone finally hits the streets today. the phone is virtually guaranteed to be a best se
today, but we begin with carl cameron in toledo tonight with the romney campaign. good evening, carl. >> reporter: hi, bret. mitt romney's campaign says he has been outspent and out advertised by the obama campaign. now the president inching ahead in the lead, well, challenger now playing catch-up. >> talk is cheap. you can be extraordinarily eloquent and describe all the wonderful things you can do. if you cut through the word, you look at the record. when you see the policies that have not created the jobs america needs, then you know it's time to choose a new leader, get a new coach, get america growing again. >> reporter: the crowd is raucous. in ohio and florida, must-win state in victory strategy, president leads by ten in ohio, according to the latest quinnipiac poll and in florida he leads by nine. real clear politics average of recent polls has the president up five in ohio and three in florida. team romney dispute the public survey, argue they oversample democrats based on outdated 2008 results. pollsters deny it. romney political team insist the unpublished internal data s
in rockefeller plaza. >>> and welcome to "today" on this sunday morning. i'm jenna wolfe. >> and i'm carl quintanilla. we told you on saturday lester was on assignment. now we can reveal where he is, afghanistan. it has been nearly 11 years since the war began there and just last week the announcement came the surge is over. did it work? where does that nation go from here? we're going to check in with lester in just a moment. >> plus, we're going to have much more on that bounty placed on the head of the man accused of making that anti-islam film that set off protests worldwide. >>> then, a sweet 16 party gone terribly wrong when thousands of partiers showed up for a big bash. you will not believe how it happened. >> a crazy story. you have to be careful with facebook these days. you post to one friend and post to every single person i've ever met in my life. >> 30,000 rsvps. >> a very thin line. >>> then brat packer andrew mccarthy will drop by. he started some of the most popular films of the '80s like "pretty in pink" and "st. elmo's fire." he's going to talk about the amazing journey
morning. welcome to "squawk on the street." i'm melissa lee along with carl quintanilla, jim cramer and david faber live from the new york stock exchange. let's look at this the comments from the ecb president putting futures on a rollercoaster ride, pointing in the up direction right now. 2 at the open s&p. the nasdaq flat at the open. as for the action in europe disappointing data there but we have mixed markets with gains in germany, italy, as well as spain. our road map kicks off with those comments from mario draghi, futures pledging unlimited sterilized bond buying as the ecb meets tomorrow but the blip is short lived. >> maybe more signs of slowing growth. china nmanufacturing data comes in weak. australia's second quarter gdp misses estimates as well. >> fedex adds fuel to the fire, warning for the august quarter blaming a global manufacturing slowdown. it could be the first quarterly decline for the company in three years. >> mark zuckerberg says he will not sell any facebook stock for at least a year as the social giant sets up what is essentially a $2 billion buy back. >>
day monday this morning. i'm natalie morales. >> i'm carl quintanilla. matt and savannah have the day off. the kickoff for the presidential race. >> the republicans had their moment last week, now it's the democrats' turn. what do they have panned for their convention in charlotte this week? what message does the president need to deliver to reconnect thursday night? we'll talk about that with a top ranking member of his campaign. >> firefighters are hoping cooler weather will help in their fight against a dangerous wildfire that forced thousands of labor day campers to evacuate. the smoke so thick, it can be seen from los angeles more than 30 miles away. details coming up. >>> live to london where prince harry is scheduled to make his first public appearance since the now infamous party pictures in las vegas showed up online. >>> later outside for the holiday crowd on the plaza for matchbox 20. we love you. >> their first album in 10 years. it's good to see they are back and will be here performing for us. >>> we do want to begin now with the presidential race. chuck todd political w
shares the spot light with the convention here in charlotte, north carolina. carl cameron sat down with governor romney and is in new hampshire. the governor has strong words about democrats removing "god," from the platform. >>carl: he fired up, he did not watch the convention last night but he has been informed, and briefed and read clips. he called it a celebration of failure, the democratic national convention, 2012, in charlotte, north carolina. i asked about the democratic national convention decision to remove "god," from the platform, and he teed off. >> having removed purposefully "god," from the platform, suggests a party which is increasingly out of touch with the mainstream of american people. this party is veering further and further away into an extreme wing that americans do not recognize. >>carl: i i asked if he thought it was war on religion? he said, no, part of the democrats being out of town. and he complained about 47 million americans on food stamps, 15 more since president obama took office. >>shepard: what did governor romney say about the president giving h
air." carl cameron is following governor romney in dallas. fundraising is going on now. i guess opening up fundraisers and press to cameras is in response to the video. is that right? >>carl: well, the romney campaign has been planning it for several weeks and today is the first time in the 2012 they let cameras into the fundraisers, the irony it is amid the controversy over the fundraiser that took place last may in florida. he did not back away, and he has been making the argument throughout the campaign that the obama policy, the obama agenda, contributes to a dependency society and a culture across the country of a sense of entitlement. that is what romney said last night in the news conference called and got the press up at 10:00 eastern time saying it is not about the obama liberal base but making the remarks from the original tape not his base, but it is about the folks in the middle. here is how he described it. i said among those that pay no tax, approximately 47 percent of americans, i'm not likely to be highly successful with a message of lowering taxes. those who rel
of the national poll shows rebound with an eight-point advantage in that state. carl cameron is in boston. governor romney continued on the attack on foreign policy today. >>carl: he was at the university which was a strong back drop for it and had a conversation with israeli prime minister binyamin netanyahu seconds after the president. as he addressed that group, governor romney went after the president for his dismissive assertion that so much of what has happened in the middle east and north africa amounts to in the president's words "bumps on the road." watch. >> i don't consider 20,000 or 30,000 people dying if syria a bump in the road or a muslim brotherhood president in egypt a bump in the road. i don't car the killing our diplomats in libya a bump in the road and i don't consider iran becoming nuclear a bump in the road. we someone to recognize the seriousness of what is ahead and who is willing to lead. >>carl: he is using foreign policy in international affairs as a two pronged criticism, including lack of leadership, and, also, suggesting the fiscal cliff and deep cuts that wi
morning and happy fed day. welcome to "squawk on the street." i'm carl with melissa lee, jim cramer, david faber. markets are awaiting the fed's decision on interest rates this afternoon and in the meantime, chewing on wholesale prices jumped the most in three years. 17 in august. gas prices largely to blame. europe, some losses there centered mostly in spain although italian bond yields coming down sharply. road map is morning begins at the fed. will bernanke give the markets qe3 and how long rates will remain low at the feds press conference today. >> some say it's a significant redesign. others say it's a sleeper. whatever you think of the iphone 5, it's keeping apple shares moving higher. >> number of big downgrades this morning. citi cutting ratings on intel. amd says pcs are losing the battle against tablets and smart phones. >> and a very special guest. the ceo of j. crew. of course, we start this morning with the fed. markets looking to open higher ahead of the fed's late es monetary policy meeting. the fed will announce a decision at 12:15 p.m. eastern time. and this is large lly
. "squawk on the street" begins right now. ♪ ♪ uno, dos >> good morning. i'm melissa lee, carl quintanilla live from the new york stock exchange. let's see how we're setting up this wednesday trading session. a fleury of global headlines including the death of the u.s. ambassador to libya in benghazi. day one of the two-day fed meeting starts today so a lot of waiting and seeing here in the u.s. german constitutional court paving the way for the esm. we see stocks hanging in there at 14-month highs in the european continent. our road map today starts with what could be the most critical tech announcement of the year. we're just hours away from the unveil of the iphone 5. will we get news of a new ipad, too? >> mark zuckerberg says the ipo of facebook is disappointing but they will not make a phone and will enter search at some point. is that enough to turn the stock around? >> now the german constitutional court decision is out of the way, we're waiting for the fed. will it deliver on new qe as stocks hang in here at multi-year highs. >> all the news around apple, in four hours apple's ceo
. i'm carl quintanilla here at the new york stock exchange. we're going to observe a moment of silence in a few moments, but first take a look at futures. a lot of news going on, including this headline. just crossed a couple of minutes ago, moody's warning the u.s. rating may get cut in, in fact, the fiscal clip is not resolved. future still hanging in the green here this morning. as for europe, a lot going on there, as well. we'll get into that later. mixed picture with the ftse down 15 points. >> more signs of a slowdown. a warning sending a chill through luxury retailers, particularly in china. a downgrade of coach putting further pressure on the sector. >>> mcdonald's global sales meets expectations. where were the sales strongest? outside the u.s. and europe. >> only one day to go until the iphone 5 release. could the ieconomy help the u.s. economy? >> and facebook ceo mark zuckerberg going to hit the stage for the first time since the ipo at the tech crunch conference this afternoon. could that be a catalyst for the stock? >>> but getting back to the high-end retailers such as c
in carl bernein, contributor to "the daily beast" and lynn sweep, columnist and bureau chief for the chicago sun times. good morning to both oyou. >> gor. youookseollsnd you wonder, carl, if you're running mitt romney's campaign, what do you do now? do you hear that clock ticking? >> i think there's a fundamental problem and that is the republican party. that their polls reflect the fact that the real issue in this campaign h become the bl p iwashington, and that it's a radical party such as we've never seen in a presidential race before, that mitt romney has become a captive of it. as we have seen in the senate races that are shifting more and more towards democrats who are expeed to lose or be mpete,t'sbout t republicans are in washington and really radical message that romney is saddled with and he can't get out of it. the 47% remark is devastating because iteally reflects what so many people in th rlica majority in washington, in the house particularly, believe, that these are free loaders, that these are people that aren't worthy of our consideration really as human bein
because in the end this is more about the two men running, though the context, as carl points out, is correct. the republicans in congress are unpopular but actually so are the democrats. here is my point. just as one video seemed to have been the game changer in this election, the 47%er, we still have three debates coming up, where if mitt romney was to do a turn around, he has a chance, starting tuesday -- starting october 3rd in denver, wednesday -- where he has, i think, some of the few chances left to try and figure out a way to turn this around. to explain if there is an explanation for what he really want wants to do that will be more inclusive than that video sent. he has a few chances left if trend is against him but i'm not ready to call it yet. >> i have to say, it does seem over the last 24, 48 hours they do some very specific thing. he's getting out there more. he's been doing a ton of interviews. after all, the criticism early on that he was never there to be interviewed. let me play a little clip from yesterday. >> throughout this campailmpaig well. don't forget, i
't love me and you don't want to marry me? carl, this is not the time or the place. (sighs) why do you let me do these things?! this will cut together beautifully! hey, have you heard anything from molly? i'm sure everything's fine. we left her with victoria. mrs. flynn, no disrespect, but you know those two sentences don't go together. yeah, even as i said it, i wasn't buying it. vince: listen, since your bride is a no-show, what do you say joyce and i step in? i'm not letting you have my wedding, vince. come on! if i don't marry that crazy broad right away, she's gonna ruin my life! no deal. fine! i'm taking back my popcorn popper. molly...! is it just me or does your car smell like french fries? this vehicle's a hundred percent biodiesel. that's the corn oil you're smelling. corn oil? yeah. one of my customers manages a mcdonald's, and we've worked out kind of a barter system. i keep him in weed, and he keeps me in cooking grease and those tasty little apple pies. victoria: oh, i love those things. do we have time to stop? no! i am a half an hour late for my wedding. does this car go fa
. i think there's a lot of people, carl, who were saying, of course, hey, it is obviously the world is slowing. a lot of people say, look, what they're really doing is saying even in this environment we're going to make far more money than we have in the previous downturns if we get it at $6 in earnings, which is well below what they think they can earn. we'll still pay the dividend. i come back and say the acquisition, which they made and a lot of people were critical of, is working. that the synergies are working. that the costs taken out in regards to manufacturing, look, the world is slowing but it is not a disaster. that's why caterpillar is not at 885. >> do you lump this with the warnings from intel and fedex. it is a global company looking at a slowing global company. >> there isn't anything specifically i saw in the cat release that was saying we are not getting it right. this caterpillar is ready for a downturn unlike any other caterpillar we have had. a lot of times caterpillar had terrific numbers in the presentation about how low earnings have been in the slowdown. the
been that botched call at the end of monday night's football game. cnn's jason carle is outside the nfl's offices. good morning, jason. >> reporter: and good morning to you. that call on monday night set all things in motion, 17 hours of negotiation going on in tuesday, more negotiating going on until midnight last night, about when both sides came to this agreement, made the announcement they reach this agreement, fans are very happy about, the rest really making now the a good way in terms of what was reached. the referees will not have to give up their pension in exchange for 401(k) plan and last pay raise spread out over the next several years, the nfl commissioner weighing in late last night, carol, saying this agreement supports long-term reforms that will make officiating better, the teams, players and fans want and deserve both consistency and quality in officiating. the referee association president also weighing in last night saying we are glad to be getting back on the field for this week's games. as you can imagine, carol, as fans woke up this morning and heard about their n
. that is fundamentally what looking for. >> chief political correspondent carl cameron is live in boston. paul ryan is playing the old expectation games on lower xfgss for governor romney but chris christie is calling the debate a game changer. i wonder who is right. >> reporter: you got surrogates talking a lot today. they will continue until wednesday when the priangs can go face to face. today governor romney is doing his debate. president obama has arrived in las vegas and getting ready for the showdown. romney will be in denver in advantages of this. paul ryan was talking about the romney ryan ticket new framework for the race. they said referendum on president obama's record. but it's decide how to best deal with the competent. here is paul ryan trying to set the stage. >> we can have a dynamic growing economy that produces opportunity or stagnant economy that fosters dependency. we can stick with the failed policies of last four years for the next four years or a brighter future. stalg nation versus growth, dependency versus opportunity and mobility. that is the classic choice and clear diff
'm carl quintanilla with melissa lee, jim cramer and david faber live at the new york stock exchange. what a morning. already, barely 9:00 on the east coast, we've got mario draghi speaking even as we speak. a slew of data regarding the jobs market in this country. take a look at futures. slightly off the highs, still trying to get some clarity on what exactly draghi is spelling out here, but a good start. we'll see if that's true. meantime, arrows in europe at this hour, mostly positive for most of the morning and still are. ftse is up about 30 point. our road map says enter the draghi, mario draghi who says the bank plans outright monetary transactions. still trying to put some meat on that bone. says that uncertainty is heightened as the central bank also cuts its forecast for 2012. how does this affect your portfolio? >> meanwhile, jobs data in this country, adp says private perils up the most since march and challenger says layoffs at a 20-month low. what does it mean for tomorrow's big jobs number? >> four hours from now in santa monica, california, amazon announced what's expected t
in the politico playbook. >>> eugene robinson, andy serwer, and carl bernstein, you're watching "morning joe" brewed by starbucks. ♪ [ male announcer ] finally, mom's oven-baked tastes straight from the microwave. like oven-roasted chicken in a creamy alfredo sauce. marie callender's new comfort bakes. it's time to savor. to help protect your eye health as you age... would you take it? well, there is. [ male announcer ] it's called ocuvite. a vitamin totally dedicated to your eyes, from the eye-care experts at bausch + lomb. as you age, eyes can lose vital nutrients. ocuvite helps replenish key eye nutrients. [ male announcer ] ocuvite has a unique formula not found in your multivitamin to help protect your eye health. now, that's a pill worth taking. [ male announcer ] ocuvite. help protect your eye health. >>> 22 past the hour. time now to look at the morning papers. we'll start with "usa today," some 26,000 public school teachers in chicago are starting their second day on strike. union leaders say no progress has been made on issues from teacher evaluations to job security. yesterday,
huge hispanic voting. you can see the speech on foxnews.com where it is streaming. carl cameron is live in los angeles. what is the message to the latinos? >>carl: the president has not been able to deliver a strong economy for hispanic or any other voters in the united states. mr. romney will make the art his proposals are better and point out that president obama has a candidate promised to make illegal immigration reform a priority. in romney's prepared remarks he will say the obama administration never bothered to come up with a bill. he will argue that the latino community has been hard hit bit obama economy insofar as the unemployment rate is 8.1 percent but among hispanics it is well over 10. this is an attempt by romney to emphasize his economic experience, his ability to create jobs is superior to the president and will help out on the domestic agenda. the romney campaign is trying now to illustrate to reporters and the public that it will make itself available on a host of other issues and be prepared to deal with the news of the day and the cycle and the world, particularly i
where i'm going to get a better picture of carl? i don't know, man. that is so, so -- can you really best that picture? we'll find out on twitter momentarily. >> we'll watch the stock once again today. meantime over at goldman, retiring as you may know, after 12 years on the job, 22 years on the firm and harvey schwartz has become the new cfo at the end of 2013. schwartz considered to take over when ceo lloyd blankfein will step down. he's helped the firm manage through the crisis and he will become a non-independent director of the board. david, i'll toss this straight to you. what does this mean? what is schwartz like? >> i don't know schwartz particularly well, he's well thought of and respected in the company. as the goldman way he's had a senior role in a lot of different parts of that company. they almost always promote with him for this position. this is a position that's been held for quite some time by mr. viniar, i think it was 12 years as company cfo and he's not going to be easy to replace and always communicated very well and clearly certainly with wall street. many of u
to define which is giving us a better glimpse of the future. carl quintanilla, back to you. >> a split between sentiment among consumers and businesses getting really interesting. >> isn't it? that's the way to look at it. >> yeah right? >> that is exactly the way to look at it. that is why retail sales have leld off. auto sales have held off. one group is positive and the other negative. >> what is tonight? >> itt, new name for me. don't know this. come on. obviously going to flesh it out. sometimes i have repeat ceos. this is a first time. >> a rookie. >> he is a rookie from the show. >> 6:00 and 11:00 p.m. >> yeah. >> speaking of rookies eagles giants sunday night. >> on nbc. i will be there cheering. yes. the eagles. although it's obviously a very touchy time for the team. >> okay. you want to make a call? what is the spread? >> i don't know the spread. you know, it's two or two and a half. it was two and a half midday yesterday. dropped to two. i can never say that i think the eagles are going to lose on air. >> that's right. >> so even though i think they are i can't say it. i me
for years and you know what? i got to tell you, carl, i don't think is set-up is as negative, the european stock market has been right. it's been good. >> and good for some time. you have pointed that out. i always say what about the bond market. of course, and we see yields below that key 7%. we like to talk about that as a psychological barrier and they like to maybe tan one. we'll be watching that closely. also seeing on the frobt of "the new york times," it's not necessarily a new story, but it does have the tendency to exacerbate fears. that is capital flight out of europe over all. not just spain, but over all. interesting report by the way from nimora this morning. euro zone, the spanish problem, that is cited as well today by a number of publications, so that's also going to be a focus. >> and this is a time where i have been saying santana, bva. when they're up, i always feel like capital flight may be a sensation or that there's a plap. i think one of the things we have to focus on is we think there's a plan. we think there's something. everyone keeps saying there's a plan. you k
. >> good morning, carl. do you invest in apple or in gold? we're going to talk about the modern day gold rush up 11% but apple is up 72, 73% to date. we're also going to look at lennar that continues to perform. back to you. >> thanks a lot. let's get to six stocks in 60 seconds. we'll start with u.s. steel. citi taking it to a hold? >> this used to be a great stock. you don't have good demand. >> off the pick list at citi as well? >> they raised their price target. give me a break. >> mahaney does it with google. >> you would have thought they would have been dinged by the map. >> demand fears that bowing is overblown? >> the ceo no one seems to care that the fiscal cliff. >> we're going to get earnings this week for accenture. >> i think it's a tail wind. >> and decker, they say stay away. >> okay. we have zillow. letter z. remember, it's a company on fire and people are worried that the quarter wasn't that good. let's find out tonight by david jaffe. >> thank you, jim cramer. >>> when we come back, the iphone 5 sales number is lower than expected but is the street overreacting? we're
will be turned upside down thursday morning. >> harris: we'll kick off our coverage with campaign carl cameron. and republicans are trying to draw a distinction betweening mr. obama and the republicans leading up to wednesday night. >> they have and mitt romney has been doing his level best to kind of lowering expectation. the enthusiasm from chris christie and paul ryan may be run counter to the candidate's desire and lower the bar and make it easier for him to appear to overachieve. the romney campaign recognizes the polls haven't been going their way and talked a long time the debates will be an important moment. and paul ryan was essentially trying to set the stage for mitt romney by framing the issues as the romney-ryan ticket sees them, almost five weeks away. >> we can either have a dynamic growing economy that produces opportunity or a stagnant economy that fosssters dependency. we can stick with the failed policies of the last four years, or a brighter future. stagnation versus growth. dependency versus opportunity and upward mobility. that's a classic choice, a clear difference that
on the street" next. >>> good morning. welcome to "squawk on the street." i'm melissa lee along with carl quintanilla. let's get you started. it looks like another drift lower. keep in mind we saw lower fractions. that's what i mean by drift when i say drift lower. take a look at the action over in europe. stocks continue to move further away from 14-month highs. the concern today that perhaps spain will not, in fact, seek a bailout. so our roadmap this morning starts with yet another warning from fedex, the shipping giant blaming a slow global economy. but is this a macroissue or consumers no longer paying extra for express service. >> apple did it. expectations still high as preorders for the iphone 5 cross 2 million. >> prices on "squawk box" this morning, speaking of which, what was up with oil's mysterious decline yesterday and is it bad for confidence. >> ford is being called the most important model in decades for that company. we're going to be hearing from the ceo alan mulally. fedex states the q1 results are below its own exec sagss saying weak global conditions damped growth. m
this course. team fox coverage. chief political correspondent carl cameron. carl, i want to start with you, romney and the president both speaking at this clinton event. what can mitt romney accomplish there this morning? >> reporter: he can talk more about foreign policy. in fact he will unveil his own proposal dealing with foreign aid suggesting it be more closely linked to the opportunity opening new markets and increasing trade with developing countries. quite apart from that this is not the partisan event that lend to his strong foreign policy criticism of president forum aboutps in the road remarks or that the attacks weren't planned in benghazi when there was smuch it was orchestrated al qaeda related attack. that will come later in rallies in ohio and the campaign trail. today he will announce he is planning a major foreign policy speech in next couple weeks. details on that forthcoming. which illustrates on romney and paul ryan's campaign which was thought focused on the jobs and economy has been forced into a broadened portfolio to include foreign policy and international affairs
. first to carl cameron traveling with governor romney in florida. what can be expected now. >> this began as what was described as a victory rally in his headquarters in jacksonville. the events overnight have clearly over taken that. we expect mr. romney to say something as he's addressing supportress at the campaign headquarters about the violence and the death of the u.s. ambassador in benghazi. whether or not mr. romney then follows up his remarks here to the volunteers with an avail we are also waiting for the possibility of him taking from reporters. last night there was a statement prepared by romney at midnight. they released it a little earlier than that in which mr. romney was very critical of the cry row embassy in egypt and their statement about the violence in which they express some regret about the movie trailer that many of the terrorists and riot teres incited violence on the u.s. in egypt and lebanon. he says it's disgraceful that their first response was not to -- there had been rhetoric in the mission statement saying that the u.s. deplores anything critical of any rel
stock exchange. carl quintanilla is in san antonio preparing for a very important interview on this very big day. carl? >> hey, melissa. obviously a lot of reaction from the gop expected later on this morning as we got the jobs number. 96,000, as you point out, 8.3% down to 8.1%. the big question will be what is politically more potent? the payroll number or the unemployment rate? if we have time, we hope to get the vice presidential candidate on bernanke, on the likelihood of q.e. 3, on the deficit, on what obama and clinton said earlier this week at the dnc. a lot to get to. but a lot more corporate news in addition to job this is morning. i know you guys have that covered top to bottom. >> we look forward to that interview. we want to get you caught up on where the futures markets are standing. we had a big global rally. here we have the futures markets have pared their gains. keep in mind that the dow had closed at the highest levels in many years here, since december '07. holding on to some gains here. s&p 500 looking at 2.5 at the hope. as for the picture over in europe, holding on
of philosophical questions about the differences in this campaign. chief political correspondent carl cameron riding the bus with the romney campaign. and he is live from dallas on the way to the airport this morning. good morning, carl, how is all this playing out? >> reporter: well, for republicans, martha they see this something of a rhetorical gold mine opportunity. when you listen to what the president said back when he was a state senator in illinois in 1998 he said structure government, pool resources and redistribute wealth. that to republicans is proof what they have been alleging since the obama administration started, that in effect, the president is trying to completely rejigger the economic situation. in his words, to sort of level the playing field and give everybody a shot. in mitt romney's words, bad idea, not the right course for america. listen. >> this idea that the president has of a redistributing, i know there are some people in our country who want have a government take from some to give to the others. they would like to be the others on the receiving end of that and f
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